Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Trump's Iran Pause Sends Oil Prices Tumbling

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices plummeted on Sunday after President Donald Trump announced that US forces would hold off on new strikes against Iran. The move comes as a deal to end the Middle East conflict is near, according to Trump.

The price of U.S. crude oil fell by 5% to $80.79 per barrel, while Brent crude dropped by 5% to $83.87 per barrel. These prices remain about 20% higher than before the conflict began in late February.

The prolonged fighting has disrupted oil shipments through the Strait of Hormuz, a critical waterway that borders Iran. As a result, oil and gas companies have amassed huge profits due to high oil, gasoline, and diesel prices.

More on Commodities

Commodities just now

Egypt's Gold Prices Plunge to New Lows on August 3rd

Commodities just now

Gold Soars Above $4,050 on Trump's Iran Strike Pause

Commodities 1m ago

Houthis Force Six Saudi Oil Tankers to Reroute Away from Red Sea Amid Threats

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy